Question for the masses.Why is private money, from friends and family what I hear is "the way to do it" such a good thing, when I am seeing private money mortgage brokers offer 6-7% loans 30 year fixed? 

It appears the plumber failed to fix the issue on his first try (~3 man days of labor).  

Here are the figures:House 1 Purchase Price $110,000.00 20% down 30yr fixed 4.75% 3-2 CBSEstimated value: $197,000.00Mortgage : $81,000Rent: $1,450PITI: 787.37Vacancy/Capex/M&R 18%: $261.00FCF: $402House 2Purchase Price: 131,000 3-2 20% down 30yr fixed @ 4.5% built 1983 CBSEstimated Value: $170,000Mortgage: $99,641.00Rent: $1350PITI: $837.42Vacancy/Capex/M&R: $243.00FCF: $270.00I’ve always been of the mindset to hold any income producing asset that produces cash flow, I mean why would you sell it?

If the contractor isn't good, no amount of words will fix that.

I would have no problem doing a 30 year fixed.

I am currently seeking fix and flip opportunities as well as developmental projects.

Hey my name is hardy Vibert, I currently live in California, I’m looking to invest in real estate, lookin for fix up property’s to buy and hold, what states would would good to find 20-30k fix up property’s???

DEALER VS INVESTOR□If you buy and sell properties as a business (e.g. fix and flip), do you keep those properties separate from your investment properties legally and for accounting?

One is a fixed rate, the other isn't. you can refinance out of the credit line and into a fixed rate loan (home equity loan).

The current tenant claims they were there when he moved in...... in going through my records, my move in agent and the tenants placing agent have no record of a move in condition sheet filled out by the tenant.Lease states that if the tenant does not submit one, the house is considered damage free.House bought in 5/2014..all new paint....one tenant previous for 12 months...this tenant for the remaining time until now.My agent did the walk through post last move out and did not note any issues where she felt I needed to repaint except one room, which I did.Since its so many walls in different rooms, the estimate is $1000 to repaint these areas.So the recent tenant is claiming they were there already and its normal wear and tear and is my responsibility to fix.My position is that there is no documentation of his claim and if he had just left them alone I could have fixed the issues way cheaper since it would have been done correctly from the start....it would have been way better to just leave a bunch of nail holes in the walls than have blotchy paint everywhereOpinions?